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NZ dollar rises as German business confidence surges
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http://www.scoop.co.nz/stories/BU1101/S00279/nz-dollar-rises...
Submitted by sarahmartin 16 months, 1 week, 3 days, 9 hours ago
The New Zealand dollar gained as investors’ appetite for higher-yielding, or riskier, assets was whetted by record-high business confidence in Germany, allaying fears of a European debt meltdown.Stocks in Europe and on Wall Street gained after the German Ifo institute’s business climate index reached its highest level since records began for a reunified Germany in 1991.
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